Saudi Investment Firm Backs Tatu City’s Jabali Towers Project

Swan Properties acquired a 50% minus one share stake in the development, leaving Rendeavour, the owner and developer of Tatu City, as the majority partner. The project features two towers of 25 and 36 storeys, with China Road and Bridge Corporation recently appointed as the lead contractor for the 88,000-square-metre site. According to Rendeavour CEO Stephen Jennings, the first tower is already over 80% sold, with units starting at KES 10.2 million.

This partnership is designed to leverage the construction expertise and capital of the Saudi group to accelerate growth within the SEZ. The Saudi Export Import Bank has backed the venture, viewing it as a vehicle to boost the competitiveness of Saudi exports abroad. Tatu City currently accounts for over half of all foreign direct investment in Kenya, hosting more than 110 businesses and a rapidly expanding residential population of 7,000. Infrastructure at the site includes 24-hour water supply, high-speed fiber connectivity, and a wildlife sanctuary scheduled to open in late 2026.